Union Budget: MSME sector for doubling loan limit under MUDRA to Rs 20 lakhThe Union Budget may double MUDRA Yojana limits, expand MSME credit guarantees, global sales support, and home loan tax exemptions. Ayushma...
Arka Fincap signs co-lending partnership with Central Bank of India for MSME loansArka Fincap, part of the Kirloskar Group, announced a partnership with Central Bank of India to offer MSME loans. Under this co-lending arr...
Loan Rates: RBI's new diktat lowers loan costs for you, but banks lose hundreds of croresOn April 29, the banking regulator directed all lenders to charge interest from the date of actual disbursement of the funds to the custome...
Kirloskar's NBFC turns focus to MSME loans to reduce risksArka Fincap, a Kirloskar Group-owned NBFC, is shifting its focus towards MSME loans to reduce wholesale credit risk. They aim for MSME loan...
Kirloskar co Arka Fincap eyes Rs 300 crore from NCD saleThe NCDs, available in three tenures - 24 months, 36 months and 60 months - offer interest rates ranging from 9.29% to 9.99%. The company, ...
Wockhardt to reduce debt against share pledge to 26% from 65% now in FY24Khorakiwala-owned Humuza Consultants has pledged its entire 65.46% shares of Wockhardt with private lenders as of March 31, 2023, according...
Indian NBFCs double fundraising via bonds in five days as bank rate gap widensIndian non-banking financial companies (NBFC) have raised around INR 100bn ($1.21bn) in the past five days from bond issues, double that of...
Stocks in the news: RIL, GR Infra, HCL Tech, Clean Science and Just DialHCL Tech, HDFC Life, ACC, Nippon Life India AMC, Indian Bank, Alok Industries, City Union Bank and Supreme Petrochem will announce quarterl...
Kirloskar group companies to focus on consumer-centric businesses, adopt a new logoThe plan entails “significant” investment in the group’s two consumer-facing businesses which are Arka Fincap, a non-bank financial company...
NBFCs push for parity with banks, seek access to credit repository of large borrowersNon-bank lenders that are mandated to report the relevant credit information every quarter don’t have access to the data on their own custo...
View: India needs to raise government revenue to ensure equalisation and growthA coordinated effort across taxes and levels of government is necessary to eliminate the tax gap, make the tax system more effective, equit...
Top NBFCs seek a glide path for switch to banking avatarNon-bank have also argued that NBFCs in the upper level be given greater flexibility on issues like deposit acceptance, raising of funds th...
Kirloskars now spar over trademark of family nameBengaluru-based Vijay Kirloskar sues his Pune nephews for allowing seven entities they control to use the trademarks ‘Kirloskar’ and ‘Kirlo...
Loan restructuring plan shows India's financial sector is short on capital and truthWhether the loan relief succeeds or fails, one thing is certain: India’s $1.4 trillion credit machine will be in stall mode until next Marc...
Non-AAA rated NBFCs queue up for half of the government’s Special Liquidity SchemeMany nonbank lenders including Piramal Capital, Indiabulls Consumer Finance, IIFL Home Finance and Tata Motors Finance, have applied for lo...
Kirloskar's NBFC arm raises over Rs 100 croreThe debt securities, known non-convertible debentures in market parlance will be up to three-year maturities. These papers will be listed o...
Can new CEO Sumant Kathpalia steer IndusInd in a storm?Romesh Sobti tried to ensure IndusInd Bank had a wider retail depositor base before he retired. But the current stress will test the bank a...